Latest News- Metal Additive Manufacturing Market: Selective laser melting is expected to lead the Type segment during 2025-2029

The Metal Additive Manufacturing Market is being driven by Increased preference for additive manufacturing

The Metal Additive Manufacturing Market is expected to grow at a CAGR of 29.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 18667.9 million. In the dynamic landscape of Metal Additive Manufacturing Market in 2024, there was a persistent drive to broaden the scope of printable materials, innovating new substances and enhancing their properties to cater to the evolving applications of additive manufacturing. The technique's allure stems from its distinctive features, such as high-performance polymers that yield superior quality outcomes in additive manufacturing processes. These polymers offer unparalleled versatility, withstanding intense heat and pressure while retaining the ability to create intricate geometries. Moreover, metals like steel and titanium, widely adopted in additive manufacturing, play a pivotal role in producing robust industrial components. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Selective laser melting
  • Electron beam melting
• Application
  • Aerospace
  • Healthcare
  • Tools and mold
  • Automobile
  • Others
• Component
  • Systems
  • Materials
  • Service and parts
  • Systems
  • Materials
  • Service and parts
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increased preference for additive manufacturing
• Rise in demand from developing countries
• Increase in demand from automobile industry

However, the market also witnesses some limitations, which are as follows:

• High production costs of metal additive manufacturing
• Surface finish and post-processing issues of metal additive manufacturing
• Lack of skilled manpower

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Market Scope in Metal Additive Manufacturing Market Research Report

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Research Analysis Overview

The Metal Additive Manufacturing Market encompasses various techniques including Powder Metallurgy, Metal Injection Molding, Metal Extrusion, Cold Spray, Directed Energy Deposition, Material Deposition, Laser Cladding, Laser Melting, Electron Beam Melting, Selective Laser Melting, Selective Laser Sintering, Direct Metal Deposition, Sheet Lamination, and more. These processes offer enhanced properties such as Grain Size, Tensile Strength, Yield Strength, Fatigue Strength, Creep Resistance, Corrosion Resistance, Wear Resistance, Thermal Conductivity, and Thermal Expansion. Applications span across industries like Medical Devices, Aerospace Components, Turbine Blades, Engine Parts, Aircraft Structures, Automotive Parts, Transmission Components, and Fuel Injection Systems. The ecosystem includes Digital Thread, Digital Twin, Cloud Manufacturing, Data Security, Intellectual Property, Venture Capital, Industry Standards, and Certification Bodies. A skilled workforce is essential for the successful implementation of these advanced manufacturing methods.

Market Research Overview

The Metal Additive Manufacturing market is a segment of the larger industrial machinery and supplies and components market. This market encompasses businesses specializing in additive manufacturing technologies, specifically those utilizing metal powders and processes such as Powder Bed Fusion, Direct Energy Deposition, and Selective Laser Melting. According to Technavio's market analysis, the global industrial machinery and supplies and components market size is determined by the consolidated revenue generated by manufacturers of machinery and components employed in industrial applications. Key growth drivers for this market include the increasing industrial output in process and discrete industries, particularly in developing countries, leading to capacity expansions in sectors like energy, chemicals and petrochemicals, pulp and paper, and processed food and beverages.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/